Mainland second-hand car trading platform AUTOSTREETS (02443.HK)  -0.050 (-1.211%)    Short selling $537.01K; Ratio 4.155%   will conduct its IPO from today (23 May) to 28 May, offering a total of 15 million shares, of which 10% were under the Hong Kong public offering.

The offer price ranged from $10.2 to $11.2, with an estimated net proceeds of about $98 million. The admission fee for each board lot of 200 shares would be $2,262.59. The shares are expected to be listed on 31 May. CITIC Securities and Haitong International are the joint sponsors.

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The net proceeds from the offering will be used for expanding the geographical coverage of the auction house network, strengthening relationships with existing sellers and buyers and attracting new ones, developing and diversifying the service portfolio, conducting R&D and further enhancing the digital infrastructure, establishing potential strategic partnerships and alliances with business partners, investing in or acquiring target companies in the industry, as well as for working capital and general corporate purposes.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-03 16:25.)